HeidelbergCement begins premarketing €500 million seven-year notes on Thursday

By Paul A. Harris

St. Louis, June 11 - HeidelbergCement AG will begin premarketing Thursday for €500 million of senior notes due 2010 (existing ratings Ba1/BB+), according to a syndicate source.

Deutsche Bank Securities, Citigroup and Royal Bank of Scotland are joint bookrunners for the Rule 144A/Regulation S offering, the source added.

The notes will be non-callable for four years.

Proceeds will be used to refinance debt.

Reds are expected to go out late in the week of June 16, according to a market source, with a roadshow to follow.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.